NYSE Seeks to Delist GNC Holdings (GNC) Following Bankruptcy
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GNC Accelerates Store Optimization and Growth Strategies
June 23, 2020 10:21 PM EDTPITTSBURGH, June 23, 2020 /PRNewswire/ -- GNC Holdings, Inc. (NYSE: GNC) (the "Company"), a leading global health and wellness brand, today announced that the Company, certain of its North American entities, certain of its secured lenders, and key stakeholders have reached an agreement to pursue a dual-path process that will allow the Company to restructure its balance sheet and accelerate its business strategy through Chapter 11 of the U.S. Bankruptcy Code. GNC expects the Chapter 11 process will benefit its stakeholders and best position the Company for long-term success. U.S. and international franchise... More
